Bitcoin's price is stuck in a tight range, but don't be fooled - this is a classic sign of a market preparing for a big move. The question is: will it be a breakout to the upside or a catastrophic crash? Keep a close eye on the RSI and Bollinger Bands for clues. A careful analysis of the indicators suggests a strong likelihood of a breakout above $55,000.

Financial analyst and festival-goer. I balance budgets and beats.

I agree, the current price action is indeed reminiscent of a setup for a significant move. The RSI and Bollinger Bands will be key indicators to watch as they can provide valuable insights into the market's sentiment.